ICIS adds Technical Analysis to its European Spot Gas Markets (ESGM) and European Daily Electricity Markets (EDEM) service

30 May 2018

As European power and gas markets grow increasingly sophisticated, and with US LNG entering Europe, banks have regained an interest in the sector. With more expertise entering the market and with liquidity growing, technical analysis is flourishing.

Technical analysis allows traders to focus on price action, ignoring other measures of perceived value, and focuses on where the price is and for how long an existing trend will persist. This differs from fundamental analysis, which tries to establish the perceived value of a product.

“Fundamentals drive prompt trade, but technical analysis is starting to dominate curve trade,” Fionn O'Raghallaigh, ICIS senior product manager

With traders increasingly reliant on technical drivers to show trend strength, overbought/oversold levels, potential reversal points and support and resistance (stop level placements), ICIS has responded by offering a more holistic view of the market. By combining both fundamental and technical analysis, traders will gain greater insight into movements in the most liquid European gas and power markets.

From Monday 4th June 2018, ICIS Technical Analysis will become part of the European Spot Gas Market (ESGM) and European Daily Electricity Market (EDEM) offering.

Users will have access to:

  • A daily morning briefing which will arrive in your inbox at 07:00 (London time)
  • Key technical drivers for Europe’s most liquid power and gas markets
  • Fundamental factors to give a rounded outlook ahead of the day’s trading
  • Objective insights on over-the-counter data, with a focus on gas and power
  • Market sentiment index based on bid/offer aggressor information from the previous trading day

Accurate and to the point, ICIS customers will now be able to see the information they need to know, quickly.

Customer testimonials

“This is exactly what I need to look at. Fundamentals can change a market in seconds for the front month contracts. It is key to have these points in mind – what could be a threat to your technical strategy from the fundamental side. This is great! It is really essential.” – Trader, Large German Utility

“This is very cool. It’s so well structured. Really clear, easy to find everything.” – Trader, Large European Utility

Media contact

Fionn O'Raghallaigh
ICIS Senior Product Manager
fionn.oraghallaigh@icis.com
Tel: +44 20 7911 1941

About ICIS ICIS

ICIS is the world’s largest petrochemical market information provider, with divisions spanning energy and fertilizers. Our aim is to give companies in global commodities markets a competitive advantage by delivering valuable information and analytics tools which enable our customers to identify and react to opportunities in markets which are constantly evolving. We have more than 30 years’ of experience in providing pricing intelligence and news, forecast data, market analytics and independent consulting to buyers, sellers and analysts.

With a global staff of more than 600, ICIS has employees based in London, Houston, New York, Singapore, Dubai, Shanghai, Guangzhou, Beijing, Mumbai, Tokyo, Karlsruhe, and Milan. ICIS’ team of journalists is engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.

ICIS is a division of Reed Business Information, part of RELX Group.

About Reed Business Information RELX Group

Reed Business Information provides information, analytics and data to business professionals worldwide. Our strong global products and services hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation, where we help customers make key strategic decisions every day. RBI is part of RELX Group, a global provider of information and analytics for professional customers across industries. http://www.reedbusiness.com

About RELX Group RELX Group

RELX Group is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £32.2bn|€36.8bn|$42.8bn. www.relx.com

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